- NBA legend in talks to sell portion of team to minority owner
- Jordan bought team from Bob Johnson for $180m in 2010
Michael Jordan is considering selling the Charlotte Hornets. The six-time NBA champion is in negotiations to sell at least a portion of the franchise to a group that includes Hornets minority owner Gabe Plotkin.
“Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group,” Jump Management, Jordan’s family office, said in a statement on Wednesday. “As a natural step in a process due to that transaction, Michael and Gabe are in discussions about his group potentially buying an additional stake.”
